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As seen from an approaching Bald Head Island ferry, Deep Point Marina in Southport is a vital asset in Bald Head Island Limited’s ferry operations. (Port City Daily photo/Mark Darrough) BRUNSWICK COUNTY Last week, the Brunswick County Board of Commissioners and Southport Board of Aldermen each unanimously passed resolutions supporting a state-created entity, mandated by the legislature to purchase Bald Head Island’s private ferry system. The county and city’s sign of solidarity with Bald Head Island Transportation Authority (BHITA) is a direct response to the Village of Bald Head Island’s public (yet unofficial) offer to purchase the system for itself. ....
The Bald Head Island Transportation Authority is working to acquire the island’s multi-million dollar, privately-owned ferry system. (Port City Daily photo/Johanna F. Still) Update 4:50 p.m.: This article has been updated to include a response from Bald Head Island Limited. BRUNSWICK COUNTY On the heels of his first visit to Bald Head Island, N.C. State Treasurer Dale Folwell is publicly asking Bald Head Island Limited, LLC to donate rather than sell its ferry system, valued at $47 million. The treasurer’s request comes less than two weeks before the Local Government Commission is set to review key aspects of the private-to-public ferry sale in approving up to $59 million in bond financing. ....
State Treasurer asks owners to donate the Bald Head Island ferry system North Carolinaâs State Treasurer has asked the owners of the ferry between Southport and Bald Head Island to give the entire ferry system to the Village of Bald Head Island or the Bald Head Island Transportation Authority (BHITA). By WECT Staff | December 23, 2020 at 4:21 PM EST - Updated December 23 at 4:21 PM RALEIGH, N.C. (WECT) - North Carolinaâs State Treasurer has asked the owners of the ferry between Southport and Bald Head Island to give the entire ferry system to the Village of Bald Head Island or the Bald Head Island Transportation Authority (BHITA). ....
The Bald Head Island Transportation Authority is working to acquire the system’s privately-owned assets, valued at $47 million. (Port City Daily photo/Johanna F. Still) BALD HEAD ISLAND A week after the Bald Head Transportation Authority met and a majority approved moving forward with purchasing the island’s ferry system for $47 million, the island’s political leaders drafted a letter to the state treasurer, opposing the sale as it currently stands. The authority is mandated by legislation to purchase the system, owned by Bald Head Island Limited LLC. Though there’s no deadline baked into the law that created the authority for this purpose, trustees have been working at this for three years last week’s move to apply for revenue bond approval marked its most significant step yet. ....